Lithium Screwdriver Electric Drill Market Forecasts to 2030 – Global Analysis By Type (Semi-Automatic Type and Fully Automatic Type), Distribution Channel (Online Retail and Offline Retail), Power Rating, Application and By Geography

Lithium Screwdriver Electric Drill Market Forecasts to 2030 – Global Analysis By Type (Semi-Automatic Type and Fully Automatic Type), Distribution Channel (Online Retail and Offline Retail), Power Rating, Application and By Geography


According to Stratistics MRC, the Global Lithium Screwdriver Electric Drill Market is growing at a CAGR of 5% during the forecast period. Lithium Screwdriver Electric Drill is a cordless power tool utilising lithium-ion batteries for drilling, fastening, and screwing tasks. Benefits include portability, lightweight design, and longer battery life. Its importance lies in its versatility for DIY projects, construction, and industrial applications. It is widely used in woodworking, metalworking, electrical installations, and assembly tasks due to its convenience and ease of use, offering precision and efficiency in various materials and settings.

According to the United States Environment Protection Act's NPL Abandoned Mine Land Sites and Cleanup Leads, 78 mining sites in the United States are sufficiently hazardous.

Market Dynamics:

Driver:

Surge in construction and renovation activities

In construction and renovation projects, the need for portable, versatile tools is paramount. Lithium screwdriver electric drills, being cordless, offer exceptional portability and flexibility compared to traditional corded drills. They provide efficiency in completing various tasks, such as drilling, screwing, and fastening. Moreover, the growing trend of do-it-yourself (DIY) projects and home improvement initiatives contributes significantly to the demand for these tools among homeowners. With increasing urbanisation and infrastructure development projects worldwide, there's a continuous demand for construction tools like lithium screwdrivers and electric drills

Restraint:

Battery performance and durability concerns

Despite advancements, lithium-ion batteries face challenges regarding lifespan, degradation, and capacity retention over time. Users experience uncertainties about battery longevity and efficiency, impacting the overall drill performance and necessitating frequent replacements. These concerns regarding the reliability and endurance of batteries create apprehension among consumers, affecting their confidence in investing in lithium screwdriver electric drills for long-term usage, ultimately impeding market growth.

Opportunity:

Increasing industrial applications

Industries such as automotive, aerospace, manufacturing, and assembly lines require tools that offer precision, reliability, and efficiency. Lithium screwdriver electric drills, with their high torque, variable speed settings, and precise control, fulfil these requirements, allowing for accurate drilling and fastening in various materials. The efficiency and speed of lithium screwdriver electric drills contribute to improved productivity in industrial settings. Moreover, the integration of smart technology and connectivity features into electric drills caters to the evolving needs of industrial settings. Thereby, these will propel market growth.

Threat:

Substitute products

Technological advancements and innovations in alternative tooling systems or power sources might attract consumers away from lithium screwdriver electric drills. If competing products offer superior performance, efficiency, or innovative features that outpace the advantages of lithium screwdriver drills, it could result in a shift in consumer preferences. The availability of alternative tools that meet similar needs but have enhanced capabilities could potentially erode the market share and demand for lithium screwdriver electric drills.

Covid-19 Impact

The COVID-19 pandemic significantly impacted the lithium screwdriver electric drill market, causing disruptions in supply chains, demand patterns, consumer behaviour, and manufacturing capabilities. Manufacturing plants faced challenges in maintaining production while adhering to new health and safety protocols. This affected output and production efficiency. Despite the challenges, the pandemic also fuelled innovation. As restrictions eased and vaccination rates increased in some regions, the construction and home improvement sectors gradually picked up momentum. Companies selling electric drills adapted by focusing more on online sales channels, enhancing their e-commerce platforms, and improving delivery options to meet customer needs.

The Fully Automatic Type segment is expected to be the largest during the forecast period

The Fully Automatic Type segment is estimated to hold the largest share. Fully automatic drills are characterised by their complete automation in various functions, including automatic adjustment of torque levels based on the screw type or material, precise depth control, and automated bit changes. They offer maximum convenience, efficiency, and precision, reducing manual intervention significantly. Additionally, they may incorporate smart sensors or software-driven systems that detect and adjust settings according to the material being drilled. They cater to users seeking highly automated solutions, enhancing productivity and accuracy in various screw driving applications.

The Construction and Manufacturing segment is expected to have the highest CAGR during the forecast period

The Construction and Manufacturing segment is anticipated to have lucrative growth during the forecast period. In construction projects, lithium screwdriver electric drills are useful for finishing operations like drilling, riveting, and framing across a variety of materials. In manufacturing, they aid assembly tasks in production lines. Offering durability, precision, and cordless convenience, these drills meet the stringent demands of heavy-duty applications. Furthermore, tailored with specialised features like adjustable torque settings, they address the specific needs of professionals in these sectors. Therefore, these drills designed for the rigorous demands of construction and manufacturing environments.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period due to increasing construction activities, infrastructure development, and DIY culture. APAC countries are witnessing rapid advancements in power tool technology, including lithium-powered electric drills. Lithium-ion batteries offer higher energy density, longer runtime, and faster charging capabilities, making them popular in the region. Moreover, the increasing penetration of e-commerce platforms provides greater accessibility to power tools, including lithium screwdrivers and electric drills, further boosting market growth and consumer reach.

Region with highest CAGR:

North America is expected to witness profitable growth over the projection period, due to robust construction, renovation activities, and a strong DIY culture. Professionals and DIY enthusiasts seek the versatility and convenience offered by these drills for various projects. The market emphasises innovation, durability, and eco-friendly practices, with widespread availability through retail outlets and e-commerce platforms. This competitive landscape highlights the significance of lithium-powered electric drills in catering to evolving consumer demands and construction industry needs within North America.

Key players in the market

Some of the key players in the Lithium Screwdriver Electric Drill Market include Stanley Black & Decker, Inc., Makita Corporation, Techtronic Industries Co. Ltd. (TTI), Robert Bosch GmbH, Fein, Metabo, MILWAUKEE, Festool, Hilti Corporation, Hitachi Koki Co., Ltd., Panasonic Corporation, Lomvum and Würth Group.

Key Developments:

In October 2022, Makita®, the innovation leader in cordless technology, has pushed cordless into new spaces with the announcement of Outdoor Adventure, a new range of cordless products for camping, hiking, fishing, tailgating and more.

In September 2022, Makita Corporation, MAN Energy Solutions' service brand, MAN PrimeServ have signed a three-year agreement to intensify their cooperation. The common goal of the partnership aims to offer customers worldwide the best possible service within SCR-HP (Selective Catalytic Reducation-High Pressure) systems from MAN Energy Solutions on two-stroke engines license-built by Makita Corporation.

Types Covered:
• Semi-Automatic Type
• Fully Automatic Type

Distribution Channels Covered:
• Online Retail
• Offline Retail

Power Ratings Covered:
• Low Power (Up to 12V)
• Medium Power (12V-20V)
• High Power (Above 20V)

Applications Covered:
• Automotive
• Construction and Manufacturing
• Metalworking
• Woodworking
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:

- Market share assessments for the regional and country-level segments

- Strategic recommendations for the new entrants

- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030

- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

- Strategic recommendations in key business segments based on the market estimations

- Competitive landscaping mapping the key common trends

- Company profiling with detailed strategies, financials, and recent developments

- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Lithium Screwdriver Electric Drill Market, By Type
5.1 Introduction
5.2 Semi-Automatic Type
5.3 Fully Automatic Type
6 Global Lithium Screwdriver Electric Drill Market, By Distribution Channel
6.1 Introduction
6.2 Online Retail
6.3 Offline Retail
7 Global Lithium Screwdriver Electric Drill Market, By Power Rating
7.1 Introduction
7.2 Low Power (Up to 12V)
7.3 Medium Power (12V-20V)
7.4 High Power (Above 20V)
8 Global Lithium Screwdriver Electric Drill Market, By Application
8.1 Introduction
8.2 Automotive
8.3 Construction and Manufacturing
8.4 Metalworking
8.5 Woodworking
8.6 Other Applications
9 Global Lithium Screwdriver Electric Drill Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Stanley Black & Decker, Inc.
11.2 Makita Corporation
11.3 Techtronic Industries Co. Ltd. (TTI)
11.4 Robert Bosch GmbH
11.5 Fein
11.6 Metabo
11.7 MILWAUKEE
11.8 Festool
11.9 Hilti Corporation
11.10 Hitachi Koki Co., Ltd.
11.11 Panasonic Corporation
11.12 Lomvum
11.13 Würth Group
List of Tables
Table Table 1 Global Lithium Screwdriver Electric Drill Market Outlook, By Region (2021-2030) ($MN)
Table Table 2 Global Lithium Screwdriver Electric Drill Market Outlook, By Type (2021-2030) ($MN)
Table Table 3 Global Lithium Screwdriver Electric Drill Market Outlook, By Semi-Automatic Type (2021-2030) ($MN)
Table Table 4 Global Lithium Screwdriver Electric Drill Market Outlook, By Fully Automatic Type (2021-2030) ($MN)
Table Table 5 Global Lithium Screwdriver Electric Drill Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table Table 6 Global Lithium Screwdriver Electric Drill Market Outlook, By Online Retail (2021-2030) ($MN)
Table Table 7 Global Lithium Screwdriver Electric Drill Market Outlook, By Offline Retail (2021-2030) ($MN)
Table Table 8 Global Lithium Screwdriver Electric Drill Market Outlook, By Power Rating (2021-2030) ($MN)
Table Table 9 Global Lithium Screwdriver Electric Drill Market Outlook, By Low Power (Up to 12V) (2021-2030) ($MN)
Table Table 10 Global Lithium Screwdriver Electric Drill Market Outlook, By Medium Power (12V-20V) (2021-2030) ($MN)
Table Table 11 Global Lithium Screwdriver Electric Drill Market Outlook, By High Power (Above 20V) (2021-2030) ($MN)
Table Table 12 Global Lithium Screwdriver Electric Drill Market Outlook, By Application (2021-2030) ($MN)
Table Table 13 Global Lithium Screwdriver Electric Drill Market Outlook, By Automotive (2021-2030) ($MN)
Table Table 14 Global Lithium Screwdriver Electric Drill Market Outlook, By Construction and Manufacturing (2021-2030) ($MN)
Table Table 15 Global Lithium Screwdriver Electric Drill Market Outlook, By Metalworking (2021-2030) ($MN)
Table Table 16 Global Lithium Screwdriver Electric Drill Market Outlook, By Woodworking (2021-2030) ($MN)
Table Table 17 Global Lithium Screwdriver Electric Drill Market Outlook, By Other Applications (2021-2030) ($MN)
Table Table 18 North America Lithium Screwdriver Electric Drill Market Outlook, By Country (2021-2030) ($MN)
Table Table 19 North America Lithium Screwdriver Electric Drill Market Outlook, By Type (2021-2030) ($MN)
Table Table 20 North America Lithium Screwdriver Electric Drill Market Outlook, By Semi-Automatic Type (2021-2030) ($MN)
Table Table 21 North America Lithium Screwdriver Electric Drill Market Outlook, By Fully Automatic Type (2021-2030) ($MN)
Table Table 22 North America Lithium Screwdriver Electric Drill Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table Table 23 North America Lithium Screwdriver Electric Drill Market Outlook, By Online Retail (2021-2030) ($MN)
Table Table 24 North America Lithium Screwdriver Electric Drill Market Outlook, By Offline Retail (2021-2030) ($MN)
Table Table 25 North America Lithium Screwdriver Electric Drill Market Outlook, By Power Rating (2021-2030) ($MN)
Table Table 26 North America Lithium Screwdriver Electric Drill Market Outlook, By Low Power (Up to 12V) (2021-2030) ($MN)
Table Table 27 North America Lithium Screwdriver Electric Drill Market Outlook, By Medium Power (12V-20V) (2021-2030) ($MN)
Table Table 28 North America Lithium Screwdriver Electric Drill Market Outlook, By High Power (Above 20V) (2021-2030) ($MN)
Table Table 29 North America Lithium Screwdriver Electric Drill Market Outlook, By Application (2021-2030) ($MN)
Table Table 30 North America Lithium Screwdriver Electric Drill Market Outlook, By Automotive (2021-2030) ($MN)
Table Table 31 North America Lithium Screwdriver Electric Drill Market Outlook, By Construction and Manufacturing (2021-2030) ($MN)
Table Table 32 North America Lithium Screwdriver Electric Drill Market Outlook, By Metalworking (2021-2030) ($MN)
Table Table 33 North America Lithium Screwdriver Electric Drill Market Outlook, By Woodworking (2021-2030) ($MN)
Table Table 34 North America Lithium Screwdriver Electric Drill Market Outlook, By Other Applications (2021-2030) ($MN)
Table Table 35 Europe Lithium Screwdriver Electric Drill Market Outlook, By Country (2021-2030) ($MN)
Table Table 36 Europe Lithium Screwdriver Electric Drill Market Outlook, By Type (2021-2030) ($MN)
Table Table 37 Europe Lithium Screwdriver Electric Drill Market Outlook, By Semi-Automatic Type (2021-2030) ($MN)
Table Table 38 Europe Lithium Screwdriver Electric Drill Market Outlook, By Fully Automatic Type (2021-2030) ($MN)
Table Table 39 Europe Lithium Screwdriver Electric Drill Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table Table 40 Europe Lithium Screwdriver Electric Drill Market Outlook, By Online Retail (2021-2030) ($MN)
Table Table 41 Europe Lithium Screwdriver Electric Drill Market Outlook, By Offline Retail (2021-2030) ($MN)
Table Table 42 Europe Lithium Screwdriver Electric Drill Market Outlook, By Power Rating (2021-2030) ($MN)
Table Table 43 Europe Lithium Screwdriver Electric Drill Market Outlook, By Low Power (Up to 12V) (2021-2030) ($MN)
Table Table 44 Europe Lithium Screwdriver Electric Drill Market Outlook, By Medium Power (12V-20V) (2021-2030) ($MN)
Table Table 45 Europe Lithium Screwdriver Electric Drill Market Outlook, By High Power (Above 20V) (2021-2030) ($MN)
Table Table 46 Europe Lithium Screwdriver Electric Drill Market Outlook, By Application (2021-2030) ($MN)
Table Table 47 Europe Lithium Screwdriver Electric Drill Market Outlook, By Automotive (2021-2030) ($MN)
Table Table 48 Europe Lithium Screwdriver Electric Drill Market Outlook, By Construction and Manufacturing (2021-2030) ($MN)
Table Table 49 Europe Lithium Screwdriver Electric Drill Market Outlook, By Metalworking (2021-2030) ($MN)
Table Table 50 Europe Lithium Screwdriver Electric Drill Market Outlook, By Woodworking (2021-2030) ($MN)
Table Table 51 Europe Lithium Screwdriver Electric Drill Market Outlook, By Other Applications (2021-2030) ($MN)
Table Table 52 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By Country (2021-2030) ($MN)
Table Table 53 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By Type (2021-2030) ($MN)
Table Table 54 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By Semi-Automatic Type (2021-2030) ($MN)
Table Table 55 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By Fully Automatic Type (2021-2030) ($MN)
Table Table 56 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table Table 57 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By Online Retail (2021-2030) ($MN)
Table Table 58 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By Offline Retail (2021-2030) ($MN)
Table Table 59 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By Power Rating (2021-2030) ($MN)
Table Table 60 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By Low Power (Up to 12V) (2021-2030) ($MN)
Table Table 61 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By Medium Power (12V-20V) (2021-2030) ($MN)
Table Table 62 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By High Power (Above 20V) (2021-2030) ($MN)
Table Table 63 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By Application (2021-2030) ($MN)
Table Table 64 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By Automotive (2021-2030) ($MN)
Table Table 65 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By Construction and Manufacturing (2021-2030) ($MN)
Table Table 66 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By Metalworking (2021-2030) ($MN)
Table Table 67 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By Woodworking (2021-2030) ($MN)
Table Table 68 Asia Pacific Lithium Screwdriver Electric Drill Market Outlook, By Other Applications (2021-2030) ($MN)
Table Table 69 South America Lithium Screwdriver Electric Drill Market Outlook, By Country (2021-2030) ($MN)
Table Table 70 South America Lithium Screwdriver Electric Drill Market Outlook, By Type (2021-2030) ($MN)
Table Table 71 South America Lithium Screwdriver Electric Drill Market Outlook, By Semi-Automatic Type (2021-2030) ($MN)
Table Table 72 South America Lithium Screwdriver Electric Drill Market Outlook, By Fully Automatic Type (2021-2030) ($MN)
Table Table 73 South America Lithium Screwdriver Electric Drill Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table Table 74 South America Lithium Screwdriver Electric Drill Market Outlook, By Online Retail (2021-2030) ($MN)
Table Table 75 South America Lithium Screwdriver Electric Drill Market Outlook, By Offline Retail (2021-2030) ($MN)
Table Table 76 South America Lithium Screwdriver Electric Drill Market Outlook, By Power Rating (2021-2030) ($MN)
Table Table 77 South America Lithium Screwdriver Electric Drill Market Outlook, By Low Power (Up to 12V) (2021-2030) ($MN)
Table Table 78 South America Lithium Screwdriver Electric Drill Market Outlook, By Medium Power (12V-20V) (2021-2030) ($MN)
Table Table 79 South America Lithium Screwdriver Electric Drill Market Outlook, By High Power (Above 20V) (2021-2030) ($MN)
Table Table 80 South America Lithium Screwdriver Electric Drill Market Outlook, By Application (2021-2030) ($MN)
Table Table 81 South America Lithium Screwdriver Electric Drill Market Outlook, By Automotive (2021-2030) ($MN)
Table Table 82 South America Lithium Screwdriver Electric Drill Market Outlook, By Construction and Manufacturing (2021-2030) ($MN)
Table Table 83 South America Lithium Screwdriver Electric Drill Market Outlook, By Metalworking (2021-2030) ($MN)
Table Table 84 South America Lithium Screwdriver Electric Drill Market Outlook, By Woodworking (2021-2030) ($MN)
Table Table 85 South America Lithium Screwdriver Electric Drill Market Outlook, By Other Applications (2021-2030) ($MN)
Table Table 86 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By Country (2021-2030) ($MN)
Table Table 87 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By Type (2021-2030) ($MN)
Table Table 88 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By Semi-Automatic Type (2021-2030) ($MN)
Table Table 89 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By Fully Automatic Type (2021-2030) ($MN)
Table Table 90 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table Table 91 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By Online Retail (2021-2030) ($MN)
Table Table 92 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By Offline Retail (2021-2030) ($MN)
Table Table 93 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By Power Rating (2021-2030) ($MN)
Table Table 94 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By Low Power (Up to 12V) (2021-2030) ($MN)
Table Table 95 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By Medium Power (12V-20V) (2021-2030) ($MN)
Table Table 96 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By High Power (Above 20V) (2021-2030) ($MN)
Table Table 97 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By Application (2021-2030) ($MN)
Table Table 98 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By Automotive (2021-2030) ($MN)
Table Table 99 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By Construction and Manufacturing (2021-2030) ($MN)
Table Table 100 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By Metalworking (2021-2030) ($MN)
Table Table 101 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By Woodworking (2021-2030) ($MN)
Table Table 102 Middle East & Africa Lithium Screwdriver Electric Drill Market Outlook, By Other Applications (2021-2030) ($MN)

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